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Suppose a store requires a membership to purchase products at the store.
The demand is given by: = 10 -
The marginal cost of production (bringing each unit to the store) is $1. The store sets a membership fee of $40.5 and a price per unit of $1. An individual who has not taken ECN 121A recommends to the store owner that she should decrease the price to 0 so that she can charge a higher membership fee.a. By how much can the membership fee be increased if price is dropped to 0?
b. By how much would profits decrease if price is dropped to 0?
Suppose there are two identical firms in a market.
The demand of the market is given by: = 50 - 0.5
Suppose the marginal cost of each firm is $10 per unit and the firms are competing in a Cournot-type setting.
a. Graph the reaction functions of both firms on the same graph. At what point do they cross?
b. What price is the product going to be sold for? What is the equilibrium output and profits for each firm?
a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier?
If a firm's marginal revenue from its 100th unit of output is $50 and the marginal cost from its 100th unit of output is $45, then in the short run this firm should:
From the perspective of consumers and society overall, monopolies are worse than perfectly competitive markets. This is the major reason behind the existence
What are examples of fiat money and supply shock and what are types of money for macroeconomics? Please answer the following problem.
Kermit is considering purchasing a new computer system. The purchase price is $135276. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments ov..
In each of the following, give an example of tax expenditures and conventional expenditures. Explain how the same results could be obtained by converting the tax expenditure into a conventional expenditure.. Medicine, housing, education.
State the null and alternate hypothesis for the sample mean and then test the hypothesis to see if you will accept or reject the hypothesis.
How much would the owner of a building be justified in paying for a sprinkler system that will save $750 a year in insurance premiums if the system
What would be the expected price change for the asset, based on the duration analysis (in percentage term)?
Suppose x1 is a "good" and good x2 is a "bad". That is, the consumer is better off with more units of x1, but worse off with more units of x2.
Assume that the U.S. dollar depreciates against the Japanese yen. What is the impact on aggregate expenditures and income?
What rate of return, in terms of nominal annual rate, will you realize on this deal? (Compute to nearest 0.01%.)
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